Where do I record that my son son supplements my income by $275 a month?

gfrench057 · ‎December 12, 2024

xmasbaby0

Your son is giving you money to help you each month. You do not enter that on a tax return. It is not taxable, nor is it deductible for him on his own tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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VolvoGirl

You don’t report gifts you receive on your tax return.

xmasbaby0

Your son is giving you money to help you each month. You do not enter that on a tax return. It is not taxable, nor is it deductible for him on his own tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Where do I record that my son son supplements my income by $275 a month?